Benign financing conditions since the global financial crisis and, more recently, rising financing needs have fueled a rapid increase in credit to the nonfinancial private sector, especially to the corporate sector, in emerging markets and developing economies. Credit growth has been most pronounced, and nearing the pace associated with past credit booms, in commodity exporting countries. In contrast, in commodity importers, credit-to-gross domestic...
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INFORMATION
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2016/06/16
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WPS7704
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1
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2016/06/16
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Disclosed
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Recent credit surge in historical context
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credit boom
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